CRI听力:China's fixed-asset investment grew 8.3 percent year on year

Official data shows China's fixed-asset investment grew 8.3 percent year on year to 48 trillion yuan in the first ten months of the year.

Growth slightly accelerated from the 8.2 percent gain seen during the first three quarters.

Investment by the state sector surged 20.5 percent during the same period, while private sector investment increased 2.9 percent, 0.4 percent higher than that in the first nine months.

Investment into the primary sector (extraction of raw materials) grew by 22 percent, while the tertiary sector, or the service industry, grew by 11.5 percent. That outpaced manufacturing, which grew by 2.9 percent.

Meanwhile, investment in China's property sector rose 6.6 percent year on year in the first ten months of the year, higher than the 5.8 percent posted in the first nine months.

For more on this, we are joined on the line by CRI business analyst Einar Tangen.